Naira Watch: Naira depreciates as CBN injects $195m
The naira depreciated yesterday against the dollar in parallel market and the Nigeria Autonomous Foreign Exchange Market (NAFEX).
Begin process to restore international acceptance for Naira, Ex-CBN boss tells FG
A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible international trading currency.
In 70s, Nigerians were spending Naira in London, Mecca- Mailafia
A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible international trading currency.
External reserve drops to $30.78bn as naira remain N385/$
The nation’s external reserve dropped $30.78 billion on Monday, the lowest in ten days, even as the naira remain stable at N385 per dollar in the parallel market exchange rate.
Speculation, I&E window impede Naira appreciation
A combination of speculative attack against the naira in the parallel market and activities in the newly introduced Investors and Exporters (I&E) forex window are impeding further decline in the parallel market exchange rate below N385 per dollar. Prior to the 100 per cent increase in dollar supply to BDCs, from $20,000 to $40,000 per BDC, the parallel market exchange rate dropped to N380 per dollar.
Naira stable at N388 to US$
The naira was stable at N388 per dollar at the parallel market Wednesday.
